Country comparison Latvia vs Malawi

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Gouvernement
GDP Growth (%) [+]20240%chart1.8%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q35,760K
Annual GDP [+]2024€40,359Mchart€10,902M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$11,797M2024Annual GDP [+]
GDP per capita [+]2024€21,640chart€4662024GDP per capita [+]
GDP per capita [+]2024$23,243chart$5042024GDP per capita [+]
Quarterly GDP [+]2025Q3€10,696M
Debt (M.€.) [+]202418,802chart9,5482024Debt (M.€.) [+]
Debt ($M) [+]202420,343chart10,3322024Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart87.58%2024Debt (%GDP) [+]
Debt Per Capita [+]2024€10,125chart€4202024Debt Per Capita [+]
Debt Per Capita [+]2024$10,955chart$4552024Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-1,1992024Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-1,2972024Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-10.99%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart3,214.02024Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart3,477.72024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart326.92022Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart344.52022Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart16.00%2024Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart103.22023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart111.62023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart3.29%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]2023897.1chart125.62023Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]2023970.0chart135.92023Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20235.63%chart3.96%2023Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202445.60%chart29.48%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,919chart€1412024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,418chart$1532024Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€152022Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$162022Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€52023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$52023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2023€477chart€62023Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2023$513chart$62023Defence Expenditure P.C. [+]
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-B-03/06/2007Fitch Rating [+]
Corruption Index [+]202360chart342023Corruption Index [+]
Competitiveness Ranking [+]201941ºchart128º2019Competitiveness Ranking [+]
Fragile States Index [+]202441.4chart80.52024Fragile States Index [+]
RTI Raking [+]2024107ºchart35º2024RTI Raking [+]
Innovation Ranking [+]202442ºchart107º2021Innovation Ranking [+]
Labour
Unemployment Rate [+]October 20257.1%
Unemployment rate [+]2025Q26.7%
Unemployed [+]2025Q264K
NMW [+]2025$839.1chart$43.12023NMW [+]
NMW [+]2025€740.0
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728ºchart109º2017Human Capital Ranking [+]
Markets
US Dollar exchange rate [+]12/05/20250.8587
Stock ExchangeYTD % [+]12/05/20257.28%
Prices
CPI (overall index) [+]October 20254.2%
HICP [+]November 20253.8%
PPI Year on Year [+]October 20250.1%
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202019ºchart109º2020Doing Business [+]
IPI Year on Year [+]October 20258.7%
Passengers vehicles Year [+]December 202433,318chart598December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202211.15chart0.08December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021457.35chart7.672015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202435.4%chart12.5%2022Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%chart16.50%01/01/2013Standard VAT [+]
Top tax rate + SSC [+]202231.4%chart30.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021478,000chart432,0002021Annual arrivals [+]
Exports [+]2024€19,073.9Mchart€892.9M2023Exports [+]
Exports [+]2024$20,645.2Mchart$965.5M2023Exports [+]
Exports % GDP [+]202447.26%chart7.19%2023Exports % GDP [+]
Imports [+]2024€21,917.7Mchart€2,904.6M2023Imports [+]
Imports [+]2024$23,723.3Mchart$3,140.7M2023Imports [+]
Imports % GDP [+]202454.31%chart23.38%2023Imports % GDP [+]
Trade balance [+]2024€-2,843.7Mchart€-2,011.7M2023Trade balance [+]
Trade balance [+]2024$-3,078.1Mchart$-680.0M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-16.19%2023Trade balance % GDP [+]
Retail Sales YoY [+]October 20254.1%
Socio-Demography
Global AgeWatch Ranking [+]201535ºchart95º2015Global AgeWatch Ranking [+]
Density [+]202429chart1922023Density [+]
Global Peace Ranking [+]202430ºchart80º2024Global Peace Ranking [+]
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart37.72017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart0.92%2020% Immigrant [+]
% Emigrant [+]202020.07%chart1.49%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart31.38‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart38.62017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart5.36‰2023Crude death rate [+]
Fertility Rate [+]20231.36chart3.652023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202421.6%chart50.7%2019% risk of poverty [+]
Population [+]20241,856,932chart22,729,0002023Population [+]
Immigrant stock [+]2020239,422chart191,3622020Immigrant stock [+]
Emigrant stock [+]2020380,010chart311,0522020Emigrant stock [+]
HDI [+]20220.879chart0.5082022HDI [+]
Gender Gap Ranking [+]202430ºchart110º2023Gender Gap Ranking [+]
Life expectancy [+]202476.70chart67.352023Life expectancy [+]
Suicides [+]2023267chart9472015Suicides [+]
Suicide rate [+]202314.20chart5.232015Suicide rate [+]
Number of homicides [+]202347chart2792012Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart1.782012Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart0.292023CO2 Tons per capita [+]
Consumption GWh [+]20236,664chart1,5852023Consumption GWh [+]
Generation GWh [+]20236,202chart1,8372023Generation GWh [+]
Others
COVID-19 - Deaths [+]11/09/20257,666chart2,68611/09/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]11/09/2025977,784chart89,16811/09/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart4,288,01409/24/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]11/09/20254,128.31chart118.1811/09/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart8,503,95409/24/2023Doses administered [+]
Latvia
Malawi